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Bestow life insurance review 2021

This startup has a seamless application process, but you're limited to term life insurance.'s rating: 4 / 5


  • Get a quote if you want to apply for a term life policy online.
  • Pick something else if you need permanent life insurance, or want to tailor your policy with add-ons.

18 to 60

Issue Age

$50,000 to $1,500,000



Medical Exam Required


Policies Term
Coverage maximum $1,500,000
Term lengths 10, 15, 20, 25, 30 years
Medical exam required No
Available states Not available in New York
Issue age 18 - 60 years old


  • Online application
  • No medical exam
  • Coverage range
  • 30-day money back guarantee
  • No annual or cancellation fees
  • Financially strong


  • Short support window
  • No riders or supplemental coverages
Riders No riders available

Review by

Katia Iervasi is a staff writer who hails from Australia and now calls New York home. Her writing and analysis has been featured on sites like Forbes, Best Company and Financial Advisor around the world. Armed with a BA in Communication and a journalistic eye for detail, she navigates insurance and finance topics for Finder, so you can splash your cash smartly (and be a pro when the subject pops up at dinner parties).

Expert review

Designed for the modern-day buyer, Bestow cuts down on the time and cost of life insurance to make it an easier and more convenient purchase. If you fit the mold – aka you’re healthy and between 18 and 60 years old – you should be able to breeze through the application.

However, if you have complex needs or want to customize your coverage with riders, compare life insurance companies.

Best of 2021
Finder experts pick Bestow as a 2021 best brand for life insurance.

Bestow life insurance rates

We pulled sample rates using Bestow’s online quote tool for a 20-year term life policy with a $500,000 coverage level for a healthy man and woman.


What affects my rate with Bestow life insurance?

Your premium is a product of your age, health, lifestyle, occupation and hobbies, as well as the length and amount of coverage you purchase. Bestow reserves its best rates for its least risky applicants and evaluates the following criteria:

  • Tobacco use. To qualify for the highest rate class, you’ll have to prove you haven’t smoked tobacco in the past five years.
  • Age. Young, healthy applicants are usually privy to cheaper premiums.
  • Gender. Women have a higher life expectancy than men, so they tend to pay lower premiums.
  • Driving record. If your recent record is free from major traffic violations and DUI, you’ll probably score a better premium.
  • Criminal history. People with a criminal conviction to their name will find it harder to get coverage.
  • Health. To determine the chances of you outliving your policy, the insurer looks at your cholesterol, blood pressure, BMI and family medical history. If you’ve had an organ transplant or have one of the following health conditions, Bestow will most likely deny coverage: heart disease, stroke, cancer, HIV, kidney disease requiring dialysis and diabetes before the age of 40.
  • Occupation. Some jobs are more dangerous than others. Firemen, fishermen, roofers, loggers and electrical power-line installers will be subject to higher rates.
  • Hazardous lifestyle. Do you have any high-risk hobbies like deep diving, racecar driving, rock climbing or recreational flying? Or, do you travel to dangerous or war-torn countries? The insurer will charge a higher premium to compensate for the risk.
  • Alcohol and drugs. Bestow can’t extend coverage to those who have a history of alcohol or drug abuse.

How to get a quote from Bestow life insurance

You can get a quote, sign up for and purchase your policy all online with Bestow.

  1. Navigate to Bestow’s homepage and select Let’s Get Started or Get Quote. Then enter your gender, birthdate, height, weight and state of residence and select Get a quote!
  2. Review your adjustable quote and select your desired coverage amount and term length. If you’re happy with your updated quote, select Start Application.
  3. Create an account by entering your email address and setting up a password.
  4. Proceed through the application, providing personal, health and lifestyle info. When finished, click Submit Your Application.

I’ve signed up for Bestow life insurance. What happens next?

If you’re approved, verify your coverage amount and length of term, then enter your credit card info to purchase the policy.

Get quotes from Bestow

What types of life insurance coverage does Bestow offer?

Bestow offers term life insurance. You’ll have your pick of coverage amounts ranging from $50,000 to $1.5 million and lasting 10, 15, 20, 25 or 30 years. Your premiums will stay the same for as long as your policy is active. However, term life policies are non-renewable, so at the end of the term, you’ll need to reapply for a new policy if you still need coverage.

What riders can I add to my Bestow life insurance policy?

To avoid complicating its algorithms, Bestow doesn’t allow policyholders to customize their coverage with riders. If you want to dress up your policy with common riders like a waiver of premium, you’ll need to look elsewhere.

Bestow life insurance reviews and complaints

Bestow has been accredited with the Better Business Bureau since 2017 and has an A+ rating for its operations and customer satisfaction. The BBB has recorded three complaints over the last three years, which is low for an insurance company. Customers award the insurer 1.75 out of 5 stars, but this is based on a handful of reviews.

On TrustPilot, Bestow has 4.8 out of 5 stars based on 500 reviews. Users comment on the easy application process, good customer service and ability to get instant coverage, but some lamented the lack of permanent policies.

AM Best financial rating A+
BBB accredited Yes
BBB rating A+
1.75/5 out of 4 customer reviews
Trustpilot score 4.7/5 out of 401 customer reviews
Customer reviews verified as of 19 January 2021

Get free online quotes with life insurance companies like Bestow

Wondering how Bestow stacks up to other companies? Tick the Compare box to see features for up to four companies side by side.

Name Product Issue age Minimum Coverage Maximum Coverage Term Lengths Medical Exam Required
18 - 85 years old
10, 15, 20, 25, 30 years
Depends on provider and policy
Compare 12+ top insurers side-by-side to get the best possible deal, and shop return of premium policies online.
18 - 60 years old
10, 15, 20, 25, 30 years
Get a quote in less than 10 minutes with on-the-spot approval and no medical exam.
Everyday Life
20 - 75 years old
10, 15, 20, 25, 30, 35 and 40 years.
Ladder multiple life insurance policies to save on the coverage you need for all your debts.
20 - 60 years old
10, 15, 20, 25 or 30 years
No, for coverage up to $3M
Apply for term life insurance online without the medical exam. Get an instant decision and adjust your coverage at no charge.
18 - 60 years old
5, 10, 15, 20, 25 and 30 years
Compare 40+ insurers and apply online to get the lowest possible price — no medical exam required.

Compare up to 4 providers

More about Bestow life insurance

Founded in 2017, Bestow is an insurtech company that sells term life insurance. Headquartered in Dallas, Bestow aims to break down the major barriers to life insurance — time, money and medical exams — by offering instant coverage online. It trades in the medical exam for technology and big data and uses algorithms to underwrite policies in 10 minutes.

By using analytics to assess risk, Bestow is one of a handful of companies shaking up the insurance industry. The startup has partnered with a financial powerhouse, the North American Company for Life and Health Insurance, which writes policies on Bestow’s behalf and handles claim payouts.

In early 2018, Bestow made headlines when it raised $15 million in Series A funding – an amount that brought its total financing to more than $18 million. Since then, CEO Melbourne O’Banion has led the team in expanding nationwide. Fast-forward to now, and Bestow’s policies are available in 40 states across the US.

In a fintechFIVE interview, president and cofounder Jonathan Abelmann spoke about where he saw Bestow in 12 months and what’s next for the company.

“Expanding insurability,” he said. “Introducing new innovative products, smarter underwriting, and more partnerships providing easier access. Richard Thaler said, ‘Never underestimate the power of inertia.’ Our goal is to meet consumers where they are, both in terms of affordability and placement.”

Frequently asked questions about Bestow life insurance

How do I contact customer service?

There are three ways to get in touch with Bestow’s customer service team:

  1. Call 833-300-0603 during business hours.
  2. Email
  3. Get help via live chat. This service is subject to agent availability.

How do I file a life insurance claim with Bestow?

To report a claim, follow these steps:

  1. Call 833-300-0603 or email to let Bestow know that the policyholder has passed away.
  2. In the call, voicemail or email, provide the policyholder’s full name, date of birth, beneficiary, and policy number if you have it.
  3. Include your contact details.
  4. You’ll receive a claim packet by mail within five days. Complete the forms and submit any supporting documentation such as a death certificate.
  5. Double check that the beneficiary’s banking details are correct.
  6. Once the insurer has all the required information, it will assess and process the claim within 10 days. Bestow will then wire the funds to the beneficiary.

Do I qualify for coverage?

To be eligible for coverage with Bestow, you must be:

  • A US citizen or resident
  • Generally healthy
  • Aged 21 to 45 for a 20-year term life policy
  • Aged 21 to 54 for a 10-year term life policy

Will applying for life insurance hurt my credit score?

No. As part of its underwriting process, Bestow looks at the data behind your credit score — like if you make timely payments or if you’ve ever filed for bankruptcy. This request only requires a soft pull, so it won’t impact your credit.

What data does Bestow use?

To assess your risk and eligibility for life insurance, Bestow pulls your medical history, prescriptions, driving record, professional licenses, criminal history and financial information. It also confirms you’re you by checking your Social Security Number and address.

Bestow has protocols and procedures in place to secure your data, including SHA-256 bit encryption technology, and restricts access to personal information.

Life insurance ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

Our experts analyze life insurance companies to help you to find the strongest possible policy and premium for your family’s needs. We assess their financial strength, customer satisfaction, policy features and riders. We then give each insurer a score between one and five stars that reflects their offering and reputation in the industry.

Learn more about our methodology here.

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